Press Release brought to you by HFF

HFF closes $20.15 million sale of power center in Columbus, Georgia

05/07/2015

ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $20.15 million sale of Bradley Park Crossing, a 116,768-square-foot, retail power center with multiple national anchors in Columbus, Georgia.

HFF arranged the sale of the property on behalf of the seller, DDR Corp.  The Rosen Group purchased the asset free and clear of existing debt.

Bradley Park Crossing is anchored by PetSmart, Michaels, Hibbett Sports, Target (shadow) and The Fresh Market, which is the only specialty grocer within a 36-mile radius of the property.  The power center is located at 1591 Bradley Park Drive in Columbus, approximately 100 miles south of downtown Atlanta.  Located at the intersection of U.S. 80 and Bradley Park Drive, the property is in Columbus’ main retail corridor, which has daily traffic counts exceeding 43,000 vehicles. 

The HFF investment sales team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid and senior real estate analyst Mike Allison. 

About DDR Corp.
DDR Corp. (DDR) is an owner and manager of 407 value-oriented shopping centers representing 117 million square feet in 41 states and Puerto Rico.  The company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value.  DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.  Additional information about the company is available at ddr.com.

About The Rosen Group
Founded in 1942 by Joseph Rosen, The Rosen Group is a privately-held real estate development and management consortium specializing in shopping centers, office buildings and other commercial property.  Under Joseph Rosen’s son A. Abner Rosen, who led the consortium until 1994, the portfolio expanded rapidly.  Today, under the leadership of Jonathan P. Rosen, Joseph Rosen’s grandson, the portfolio continues to grow while remaining true to the core principals of its founders – fostering and maintaining strong industry relationships while doing business with the highest standards of integrity.  Headquartered in New York City, with regional offices in Delaware, Florida, North Carolina, and Virginia, The Rosen Group has assembled one of the largest, family-owned, commercial real estate portfolios on the East Coast with more than 100 properties across 15 states.  Learn more at rosengroupinc.net.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.  HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

05/07/2015 - 14:45

Source

HFF

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